Which banks Storspay pays in Indonesia, how fast the money lands, and the limits per payment

Short answer. Storspay pays any Indonesian bank account on the domestic rail — BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata and the other BI-licensed banks — by account number, over BI-FAST. Most payments land within minutes; the latest is the same business day. You need the recipient's name as it appears on the account, the bank and the account number; Storspay checks the name before you confirm. Large payments are split automatically under the local channel cap, under one reference and one fee.

What you need from the recipient

Three things: the account holder's name exactly as the bank has it, the bank, and the account number (with the branch or routing code where the bank uses one). Storspay verifies the account name with the bank before you confirm, so a typo stops the payment instead of sending it to a stranger.

Timing

Payments over BI-FAST usually land within minutes, around the clock. Larger amounts can take until the end of the same business day. Public holidays in Indonesia can delay a very large payment to the next working day; the status in Storspay tells you where it is at every step.

Mobile wallets

Storspay pays bank accounts in Indonesia today. Wallets are on the roadmap; in the meantime, nearly every wallet user also has a bank account you can pay.

What is different about Indonesia

Indonesia is Southeast Asia's largest economy and a bank-account market: salaries and supplier invoices are paid to BCA, Mandiri, BNI or BRI accounts, and the domestic BI-FAST rail moves money in seconds. Rupiah amounts are large (a US$1,000 invoice is roughly Rp 18 million), so the exact figure matters and a rate that is a few per cent off is visible to everyone. Storspay quotes the mid-market rate, shows the 1% on its own line, and the recipient's bank sees an ordinary domestic credit in rupiah.

How a payment to Indonesia works on Storspay

1. Fund your balance in USD (ACH or wire), CAD (Interac e-Transfer or EFT), GBP (UK bank transfer) or EUR (SEPA) — to account details in your own business name. Funding is free.
2. Add the recipient once: their name as it appears on the account, the bank (BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata and the other BI-licensed banks) and the account number. Storspay checks the account name before you confirm.
3. Type the amount in either box. Enter what you want to send and see the rupiah that land, or type the rupiah figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
4. Confirm. The money goes over BI-FAST and usually lands within minutes — the same business day at most. The recipient gets a notification with the exact amount, and you get a receipt with the invoice reference.

Nobody in Indonesia has to sign up, install an app or touch anything other than their own bank account. Everything on the recipient side looks like an ordinary domestic transfer.

What it costs

Storspay charges 1% all-in on payments to Indonesia, with a minimum of US$2, at the mid-market rate. That one line covers conversion, settlement and delivery; there is no FX markup, no intermediary-bank charge and nothing deducted on the recipient side.

Rates in this guide are the mid-market rate on the day of writing (1 USD = 17,893.30 IDR); the calculator on the homepage shows today's. Large payments are split automatically under the local channel cap, under one reference and one fee.

See what your team in Indonesia receives →

Questions businesses ask before the first payment to Indonesia

What if the account name does not match?

Storspay shows you the name the bank returned and will not send until you fix the details or confirm the match. Most mismatches are a middle name or a company suffix.

Can I pay on a Saturday?

Yes. The domestic rail runs around the clock; most payments land within minutes seven days a week. Very large amounts may wait for the next business day.

Is there a minimum payment?

The fee minimum is US$2, which makes anything under about US$200 cost slightly more than 1%. There is no other minimum.

Which Indonesian banks can you pay?

Any bank licensed by Bank Indonesia — BCA, Mandiri, BNI, BRI, CIMB Niaga, Permata, Danamon and the rest. You enter the account number and the bank; Storspay verifies the account name before you confirm.

Why does the rupiah amount look so large?

Because the rupiah is a small unit — roughly Rp 18,000 to the dollar. Storspay shows the full rupiah figure with the mid-market rate on the same screen, so you and the recipient read the same number.

Can I pay a GoPay, OVO or DANA wallet?

Not today. Storspay pays bank accounts in Indonesia; e-wallets are on the roadmap. Most wallet users also have a bank account at BCA, Mandiri, BNI or BRI.

Who this is for — and who it is not for

Storspay is for businesses and organisations: companies, agencies, schools, hospitals, facilitators, foundations and sole traders paying other businesses and professionals for work, goods and services. A sole trader counts as a business and signs up in their own name.

What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, a fee note, work delivered. Money to family and personal transfers are not what this is, and we would rather say so now than at verification.